SOURCE: Cortera, Inc.

Cortera, Inc.

January 14, 2016 09:30 ET

Cortera Analyzes Commercial Late Payment Data

National Average for Commercial Payments Is 22.80% Late Compared to Agreed Upon Terms

BOCA RATON, FL--(Marketwired - January 14, 2016) - Cortera, Inc., the foremost provider of business-to-business analytics and cloud-based risk management solutions has released information on rate of delinquency for business accounts receivable (A/R) by state.

According to nationwide data, businesses are consistently paying their bills late. Analyzing data submitted by businesses, the average business is paying their bills 22.80% later than agreed upon terms. Additionally, Cortera's Accounts Receivable Debt Past Due by State data shows that twelve states are 25% or more late compared to the agreed upon terms. The slowest paying states are:

  • California
  • Connecticut
  • Delaware
  • Louisiana
  • Maryland
  • Nevada
  • New York
  • Rhode Island
  • Texas
  • West Virginia

For additional information and to see how the other states stack up, please visit http://bit.ly/1RcjvBY.

About Cortera, Inc.

Cortera provides analytical and cloud-based workflow solutions that enable companies of all sizes to better understand their customers, suppliers and business partners. Our comprehensive solutions increase visibility into the financial health of your B2B customers while keeping you informed of important changes that traditional credit reporting tools miss. Thousands of companies across diverse industries use Cortera's solutions to increase revenue, improve sales effectiveness, and reduce risk. Cortera is privately held with offices in Boca Raton, FL and Quincy, MA.

Contact Information

  • Press & Media Contact:
    Kristi Jackson
    Director of Marketing
    901 Yamato Road
    Suite 210E
    Boca Raton, FL 33431
    (561) 226-9044
    kjackson@cortera.com